December 19th, 2007
Top Ten Us Cities To Buy A Home In 2007-2008 And Why Tampa Fl Is Number 1
Because of the Tampa Bay, Florida area’s overall strong, growing economy and comparably modest housing prices, Forbes magazine August 2007 issue calls Tampa-St.Petersburg-Clearwater a prime bounce-back market. That means opportunity for those looking to retire to Florida or having flexibility in where they live.
The predictions are that the Tampa Bay area will experience what Forbes calls a V-shaped recovery. This is defined as a market experiencing a free fall, but rebounding strongly once it hits bottom.
Other regions and markets will chart U-shaped or L-shaped courses. U-shaped recoveries are those in which prices fall slowly and recover gradually. Examples are Boston, MA and Sacramento, CA.